# Beijing Sankuai Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-sankuai-technology-co

- Industry: Consumer Services
- Headquarters: Beijing, China
- Total disclosed funding: $1.1B
- Latest round: Series D (Jan 19, 2015)
- Investors on record: 7

## About

Founded in 2010 and based in Beijing, China, Beijing Sankuai Technology Co., Ltd., formerly known as Meituan-Dianping, operates as an e-commerce platform for services. Wang Xing (CEO), Mu Rongjun, and Wang Huiwen are the co-founders of the company. In 2017, Meituandianping Incorporated raised USD 700 million in series D funding from new investors Alpha Square Group, Brookside Equity Partners, Fidelity Investments, G Squared, and MSA Capital, along with other returning investors. The company was officially listed on the main board of the Stock Exchange of Hong Kong Limited in 2018. In July 2021, Meituandianping Incorporated raised HKD 3.1 billion in venture funding from new investor Tencent Investment.

The company develops and operates an e-commerce platform that offers life services. It follows a "Food + Platform" strategy and always takes "eating" as the core of its business. Consumers and businesses are linked to delivering services that meet people's everyday dining needs. It offers food ordering and delivery in real-time, as well as services via its mobile application. The company's businesses also include DianPing, which provides online merchant information and consumption evaluations to help users find shops; Meituan Takeaway, which provides an instant delivery service; and Meituan Shopping, a self-operated fresh food retail business.

The company plans to build battery swap stations and create a charging network for electric motorcycles in order to meet the rising demand for electric vehicle charging services.

## Funding rounds

- Series D, Jan 19, 2015, $700M — Hillhouse Investment
- Series C, May 15, 2014, $300M — Hong Shan, General Atlantic, Alibaba Group
- Series B, Jul 4, 2011, $50M — Hong Shan, Walden Catalyst, NLVC, Alibaba Group Holding Limited
- Series A, Mar 7, 2011, $12M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series B
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series B
- Alibaba Group Holding Limited — Series B
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series C
- Alibaba Group — Series C
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D